The Annual Convention of the Stockholders
of the Ala. & Tenn. Railroad {Alabama &
Tennessee River RR} assembled at this place on Wednesday
morning and is still in session.

A resolution was introduced by Mr. Parsons
of Talladega declaring it inexpedient to sell the mineral lands
belonging to the Company at this time and instructing the Directors
not to sell without the consent of the Stockholders. The Resolution
elicited some discussion in which Messrs Parsons, Lapsley, McClandan,
Reynolds, Lawler, Walden and Hon. A. Bowie participated.

Hon. J. N. McClanahan of Shelby introduced
a substitute for the resolution offered by Mr. Parsons. The
substitute endorses the action of the Board of Directors in proposing
to sell the mineral land of the county. Pending the vote upon a motion
to lay the substitute upon the table the Convention adjourned until
this Thursday morning, 9 o'clock.

The balloting for President and Directors
had been going on for some time, when the Convention adjourned, but no
result declared.

We observe quite a number of prominent men
in attendance upon the Convention and understand that a large
proportion of the State is represented.

M. J. Williams, our worthy contemporary of
the Selma Reporter is on hand representing the interests of the
Central City which hold a large amount of stock in the road.